FERRINGHI VILLAS

FERRINGHI VILLAS in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.49 million and a median price per square foot (PSF) of RM 408.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.49 million, with most transactions falling within a stable range of RM 1.08 million to RM 1.90 million, and a typical market range of RM 1.29 million to RM 1.70 million.

Most transactions involved detached, with minimal variety in property types.

Price per square foot shows a median of RM 408, though individual units vary from RM 311 to RM 504 in the core range. The broader market spans RM 359.25 to RM 455.75, indicating diverse property characteristics. The spread of RM 96.50 (IQR) and deviation of RM 97 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.